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, we have the president winning re-election. we have john boehner returning to the speakership. harry reid returning. to being the senate majority leader. and while the status quo was the big winner last tuesday, the history books will not remember the names john boehner and harry reid as long as they will remember what this re-election meant for president barack obama. >> that's exactly right. it is a ratification. it is an affirmation historically. you could argue that maybe one of the reasons he's crying is he's going to have to deal with john boehner and harry reid going forward. so there could be a very practical trigger there. but certainly, i mean, what mike and john have said is exactly right. it's an important moment. he's the third democrat, fourth democrat, to do this in a century. woodrow wilson, franklin roosevelt, bill clinton and barack obama. not bad company to be in. >> by the way, i heard you say that on wednesday morning. who was the democrat -- the last democrat before that to do it? >> well -- >> that's a test. >> -- that is a test. >> jackson? >> i guess it would
wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats and republicans on the hill. listen to more of what john boehner said in that interview. >> -- talk a
and speaker john boehner drawing different lines in the sand. will they break the stalemate? and if they don't -- that's coming up. >> greta: late today, david petraeus abruptly resigning after admitting to an extra-marital affair with his biographer. that's bad. but it gets worse. the resignation just days before general petraeus was set to testify at congressional hearings. coincidence? >> good evening, how are you? >> greta: i'm very well. congress pan, the affair, i mean, for the most part, i am trying to separate this out. it is a matter for general petraeus and his wife. but there is -- there is some parts of it that do have an implication. one is whether or not it's a security breach and that it should have been picked up and turned over to the house intel commits and whether or not that could be used as blackmail against him. your thought, sir? >> well, even someone as lowly as an assistant u.s. attorney has to undergo a background check with very invasive questions and you are expected to tell the truth and you are asked under penalty of perjury. so you can increase that expoinentia
john boehner said friday he would only be open to raising more money by closing tax loopholes. >> and i'm proposing that we avert the fiscal cliff together in a manner that ensures that 2013 is finally the year that our government comes to grips with the major problems that are facing us. >> everyone would be affected. payroll taxes would increase and bush era tax cuts would end. the unemploy wood see benefits run out and -- unemployed would see benefits run out and the congressional budget office is already warning of a 9.6% unemployment rate and double dip recession. >> very unusual for them to predict a recession if the fiscal cliff is not resolved. >> a solution may be sound say some in the president's largely ignored bipartisan debt commission. >> we've got the fiscal cliff bearing down on us. so why not look on simpson bowles although it's over two years later? >> and looming for our area, possible massive job cuts if automatic pentagon cuts are not stopped. at risk, 207,000 jobs in virginia, 114,000 jobs in maryland and 127,000 jobs in the district. tom fitzgerald, fox 5 news. >>
on abc news house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable and frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> vice president biden, meantime, told reporters off camera the voters gave democrats a clear mandate on taxes by re-electing a president who promised the following over and over again. >> another $5 trillion tax cut that favors the wealthy is not change. i'm not going to turn medicare into a voucher just to pay for another millionaire's tax cut. i'm going to lower taxes for middle class folks. let's also make sure the wealthiest households pay a little bit more. >> keeping them honest, americans did vote for that by a slim majority in the popular vote and comfortable majority in the electoral college. they also increased the democratic lead in the senate. however, they preserve republican control of the house so no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted on a structural level, w
. >> sounds promising. tonight house speaker boehner ruled out any deal that lets any tax rates go up. >> raising tax rates is unacceptable. >> vice president biden told reporters that democrats gave a clear mandate that promises the same over and over again. >> another tax cut that favors the wealthy is not change. i won't turn medicare into a voucher to pay for another millionai millionaire's tax cut. i want to make sure that the wealthiest households pay a little more. >> keeping them honest, voters did vote in the popular vote. they increased the democratic lead in the senate. however, they preserve republican control of the house. no matter how ugly you think the tone in washington has been over the last four years, no matter how childishly you think a lot of lawmakers have acted, on a structural level who controls what, may be less change than meets the eye which is why what you will hear in coming weeks will sound less like this. >> everything doesn't have to be a fight. everything doesn't have to be a fight. >> more like this. more like each side getting ready for an epic figh
. the president still insisting letting the bush tax cuts expire. meanwhile, house speaker john boehner remaining opposed to raising these tax cuts. do you think because of a lot of attention and oxygen being taken up in washington, d.c. with what's taking place with petraeus and allen there will be a way for like minds to come to a come prose mize. >> you're absolutely right, thomas. the media coverage is on these emerging facts on petraeus and other cases. the answer is, i think so, i hope so. we're not there yet. we have six weeks to work this out. two parts of the fiscal cliff, are across the board cuts. we'll be able to come one an alternative way to reduce the deficit in a smarter way to avoid that. the tax piece is a lot tougher and a lot bigger, the president as you know, we should immediately act, we the congress, to extend tax relief for 98% of the american people. in fact, taxpayers would get tax relief on first 250,000 in income. if we want to address the long-term deficit, it has to do with the cliff. speaker boehner needs to come forward and put that on the table as the president ha
avoiding the so-called fiscal cliff. last night house speaker john boehner insisted he's optimistic about an agreement telling abc's diane sawyer he is, quote, the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about -- >> i made clear yesterday that raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the s
. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all kinds of things we may disagree on. i'm the most reasonable, responsible here in washington. the president knows this. he knows that he and i can work together. the election is over. now it's time to get to work. >> speaker boehner sounded ready to pull b
by house speaker john boehner-- suggested a deal was possible, and invited the president to make a proposal. said boehner, "this is your moment. we want you to lead." >> we're willing to accept new revenue under the right conditions. what matters is where the increased revenue comes from and what type of reform comes with it. does the increased revenue come from what the government taking a larger share of what the american people earn through higher tax rates? or does it come from a byproduct of growing our economy energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: it all signaled a quick return to earth, after the jubilation of election night that swept up even chicago mayor rahm emanuel, during a live interview with the "newshour's" ray suarez. the president built his victory over mitt romney on a series of wins in battleground states, giving him 303 electoral votes-- 33 more than needed. he also was running ahead in florida, for another 29 electoral votes, but the state had not yet been called after long lines on tuesday held up the
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
and house speaker john boehner. and analysis from the national journal. last night and democrats held on to their senate majority. harry reid talked about the election results. we will hear from republican john bellair. -- john boehner. >> i am glad to be back. it was a late night, early morning. to it is clearly we're going increase our majority. but the results show a number of things. a number of things for certain. one is that we're the party of diversity. look at the results from all over the country. i'm looking forward to working with so many great accomplished centers. i have talked to virtually everyone of them. when i came to the senate, barbara mikulski was it as far as women. now one-third of our caucus is women. the remarkable work done by all these great centers to be. but the election is over and we have enormous challenges ahead of us. they're right here. and we have to sit down and go to work on it now, not wait. this was the message the american people sent from all over and that is they're tired of these partisan gridlocks. they're tired of things like i have one go
steinhouser is following all the developments. >> you were just showing pictures of house speaker john boehner, the top republican in congress, and harry reid, the senate majority leader, he's the top democrat in congress. they came before our cameras yesterday in washington, john. they did talk about the election being a voice from the american voters for a call for compromise. and you heard both men talking about working together to fix the country's problems along with the president. but at the same time, you also heard both men laying down markers and both men disagreeing on whether whether it comes to the fiscal cliff the wealthy should be taxed. take a look at what they said. >> it won't solve the problem of our fiscal imbalance overnight. certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doi
democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is claiming, you heard him say this -- he has a mandate for raising taxes. i'll quote him. he said on tuesday
boehner, and create a genuine partnership. we're at a moment where we could come together as a country. the election is over. we have some huge problems. and a president who is willing to be, genuinely hope can almost always get something positively done. but he is going to have to make a decision that that is where he wants to take the presidency. which after all, he wants it, and he gets to define which kind of presidency he wants. >> is the likelihood of him trying to cooperate and reach out more so now that he didn't have to run for re-election? and one of the other key players is mitch mcconnell. what is the dynamic there do you think? >> i think the president, first time i'm talking about the mutual background on capitol hill, the president may be at a point where he has gotten obama care, which is clearly now not going to be repealed, he has created a bigger government in the direction he wants to go in. and he may want to consolidate and having lived through two solid years of not getting anything done, he may decide he doesn't want to spend four years. the odds are very high t
cliff. -- and john boehner talked about the fiscal flat. president obama will be at the riesling say -- wreath laying ceremony 11 am eastern on c- span. >> 2013 should be the year we begin to solve our debt through tax and form an entitlement reform. i propose we avert the fiscal cliff together in a manner that ensures the 2013 is the year are government comes to grips with the major problems facing us. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but, i did used to expect -- except in the approach that is not balanced. i will not ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes kerry >> the newly elected congress starts work and to january but the current congress has work to do at the end of the year. work is expected on the impending fiscal cliff, x -- including the expiration of the bush eric tax cuts, raising the debt ceiling implant gus to domestic and military spending. loorow all the florida th debates. >>
and mr. obama to the white house, both the president and house speaker john boehner vowed to find some common ground. >> well, clearly the deficit is a drag in our economy and we can't continue to spend money that we don't have. i don't want p to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president but this is his opportunity to lead. >> i want to be clear, i'm not we hadd wedded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. but i refuse to accept any approach that isn't balanced. >> joining us now is a man who knows all about bipartisanship and compromise. former senator george mitchell is joining us. you were majority leader from 1989 to '95 during a time when senators and house members were actually friends. and i mean those on opposite sides of the party. so do you think the president and the house speaker's words this go around really will lead to some compromise or has a new page been turned here? are you encouraged? >> i'm hopeful a
that is on the table for democrats and republicans and that is the president and speaker of the house, john boehner and how they are going about this discussion as far as the bush tax cuts and america's sort of fiscal future. now, mark, i'm curious to hear your thoughts on this. first play sound from president obama and john boehner yesterday talking about doing the delicate dance of revenue raraisers. >> i'm not going to extend tax cuts for the wealthiest 2%. how you make up the trillion dollars just by closing loopholes and deductions, the math tends not work. >> i've outlined a framework how both parties can work together to avert the fiscal cliff without raising tax rates. ways to put revenue on the table without increasing tax rates. >> mark a baby version of the themes we've talked about before, which is to say you have a hard line part of the republican party then the deal making part of the republican party and the democrats. how do you think this turns out? can john boehner, do you think john boehner can corral or quiet the more radical elements of the republican party to come to the table
cliff. president obama and house speaker john boehner say that they are willing to compromise. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what
reason for that wall street trouble, the so called fiscal cliff approaching this morning. john boehner says he and republicans are willing to work with president obama and democrats to reach a deal to avoid sweeping cuts and tack hikes. boehner warns that a deal won't come easily. >> we won't solve the problem of our fiscal imbalance overnight and certainly won't do it in a lame-duck session of congress and it won't be solved by taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> speaker boehner says the deal could include new tax revenue to help reduce the national debt. >>> new this morning, we've learned president obama will be making a ground breaking trip in two weeks. an official from the southeast asian country of myanmar says the president will visit on either november 18th or 19th. it will be the first ever visit to that country by a u.s. president. the obama administration is trying to encourage democracy in that country. the pr
the increased revenue comes from and what type of reform comes with it. >> but boehner shot down the idea of tax increases specifically targeting the rich something the president insisted on during his campaign. earlier in the day, the top democrat in the senate implied that any compromise would need to include the president's plan. >> there was a message sent to us by the american people based on the campaign. that is people making all this money have to contribute a little bit more. >> reporter: now exit polls from tuesday showed that voters side with the president on the tax issue. 47% of voters said that taxes should increase for people making more than $250,000 a year. 13% said that they should increase for everyone. administration sources say that there's speculation and they won't confirm it, but there's likely to be a meeting between the president and congressional leaders soon, maybe even next week. norah, charlie? >> bill thank you very much. wall street opens slightly higher this morning after a big sell off wednesday. the dow jones industrials lost 313
to be back where we started on the edge of a fiscal cliff. president obama and house speaker john boehner haven't budged. yesterday we heard of talk of olive branches and reaching across the aisle. but this evening speaker bonner said this to abc news. >> raising tax rates is unacceptable and frankly couldn't even pass the house. i'm not sure it can pass the senate. >> he could be right about that. he's talking about raising tax rates. jessica yellin reminded us today that the white house has vowed to veto any bill that doesn't extend the bush tax cuts for families making $250,000, less than $250 a year. he's been very explicit. tax rates will be raised for people who make more than that amount of money. so how did the president respond to john boehner's line in the sand? well we haven't heard from him since he returned to washington yesterday. we were told though by the white house this evening he'll make a statement on the fiscal cliff tomorrow but as far as what we know right now the administration says the president has already laid out his plan. it's a plan he says would cut the defi
president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've got real concessions in terms of getting a comprehensive tax reform bill and we've got real concessions
the ever looming fiscal cliff. u.s. house speaker john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help reduce the country's looming fiscal cliff. and just when new york city thought it was all over, a nor'easter has smacked the tri-state area overnight. dumping inches of snow over some of hurricane sandy's hardest hit areas. wind and heavy snow have brought down power lines and electrical wires and thousands who lost power because of the last storm just lost it all over again. the storm brought the city to a virtual stand still last night. clean up crews have been working, though, to remove snow and clear the streets. we'll keep you posted on how that is doing as we look forward to the u.s. market opening today. coming up next, though, china's new leader will soon be revealed as the communist party's 18th national congress gets under way, but what does the transition mean for relations with europe? >>> hu jintao calls on china's next leaders to stamp out corruption and nir row the income gap as the communi
Search Results 0 to 49 of about 168 (some duplicates have been removed)